Why Today Is the Best Time to Buy Penn National Gaming Inc. [PENN] Stock at $79.01

Penn National Gaming Inc. [PENN] shares are up more than 216.42% this year and recently increased 0.06% or $4.59 to settle at $79.01. Analysts expect PENN to grow earnings at a 10.38% annual rate over the next 5 years. PENN has a short ratio of 2.06. This implies that the market is currently less bullish on the outlook for PENN.

On 24, November 2020, Penn National Gaming Names Marla Kaplowitz to Board of Directors. According to news published on Yahoo Finance, Kaplowitz Brings 30 Years of Experience in Business Management, Strategic Planning and Marketing and Communications.

Analyst Birdseye View:

The most recent analyst activity for Penn National Gaming Inc. [NASDAQ:PENN] stock was on September 30, 2020, when it was Reiterated with a Buy rating from Rosenblatt, which also raised its 12-month price target on the stock from $80 to $90. Before that, on November 20, 2020, Piper Sandler Recapitulated an Overweight rating and elevated its amount target to $84. On September 24, 2020, Macquarie Downgrade a Neutral rating and boosted its price target on this stock from $56 to $66. On September 17, 2020, Stifel Reiterated a Buy rating and increased its price target from $47 to $85. On September 10, 2020, Rosenblatt Initiated a Buy rating and increased its price target to $80. On September 01, 2020, Craig Hallum Initiated a Buy rating and boosted its amount on this stock to $75. On August 28, 2020, Morgan Stanley Downgrade an Equal-weight rating and boosted its target amount on this stock to $55. On August 13, 2020 Goldman Initiated a Buy rating and elevated its amount target to $60.

In the past 52 weeks of trading, this stock has oscillated between a low of $3.75 and a peak of $80.87. Right now, according to Wall Street analyst the average 12-month amount target is $78.07. At the most recent market close, shares of Penn National Gaming Inc. [NASDAQ:PENN] were valued at $79.01. According to the average price forecast, investors can expect a potential return of 12.42%.

FUNDAMENTAL ANALYSIS

Penn National Gaming Inc. [NASDAQ:PENN] most recently reported quarterly sales of 1.13 billion, which represented growth of -16.60%. This publicly-traded organization’s revenue is $187,329 per employee, while its income is $1,551 per employee. This company’s Gross Margin is currently 46.30%, its Operating Margin is -13.30%, its Pretax Margin is +1.62, and its Net Margin is +0.83. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 0.31, 3.40, 6.38 and 0.38 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 85.94 and the whole liability to whole assets at 73.64. It shows enduring liability to the whole principal at 84.17 and enduring liability to assets at 0.72 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 74.87 points at 1st support level, the second support level is making up to 70.73. But as of 1st resistance point, this stock is sitting at 83.82 and at 88.63 for 2nd resistance point.

Penn National Gaming Inc. [PENN] reported its earnings at $0.93 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.53/share signifying the difference of 0.4 and 75.50% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$1.69 calling estimates for -$2.11/share with the difference of 0.42 depicting the surprise of 19.90%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Penn National Gaming Inc. [NASDAQ:PENN] is 2.40. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.50. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.57 and it’s amount to book ratio is 1.60.

Insider Stories

The most recent insider trade was by HANDLER DAVID A, Chairman of the Board, and it was the sale of 55000.0 shares on Dec 08. Snowden Jay A, the President and CEO, completed a sale of 0.18 million shares on Dec 01. On Nov 30, Sottosanti Carl, EVP, General Counsel and Sec., completed a sale of 93134.0 shares.